Catalyst Capital Advisors LLC Takes $142,000 Position in Reliance, Inc. $RS

Catalyst Capital Advisors LLC acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 453 shares of the industrial products company’s stock, valued at approximately $142,000.

A number of other hedge funds have also made changes to their positions in RS. IFP Advisors Inc grew its holdings in Reliance by 10.7% in the 2nd quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock valued at $112,000 after buying an additional 33 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Reliance by 2.6% in the 2nd quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 34 shares during the period. Cordatus Wealth Management LLC lifted its position in shares of Reliance by 3.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 35 shares during the period. Hemington Wealth Management lifted its position in shares of Reliance by 18.0% in the 1st quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 35 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Reliance by 0.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company’s stock worth $3,200,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on RS. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Wells Fargo & Company reduced their price objective on Reliance from $296.00 to $284.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, BMO Capital Markets reduced their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $322.40.

Reliance Price Performance

Reliance stock opened at $277.33 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 1.51. The company has a market capitalization of $14.59 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.32 and a beta of 0.87. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43. The business has a 50 day simple moving average of $285.30 and a 200 day simple moving average of $295.76.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.Reliance’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, November 21st. Reliance’s dividend payout ratio (DPR) is 35.09%.

About Reliance

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.